Author: Rigs & Barge World

A late July surge of LNG cargoes drove Egyptian imports to a record monthly high of 1mn tons, Kpler data shows. This was enabled by the start-up of the 750mn cfd Energos Eskimo and 750mn cfd Energos Power FSRU’s, which took regasification capacity to 2.25bn cfd (MEES, 25 July). LNG imports more than doubled month on month, with the Hoegh Galleon importing 502,000 tons (seven cargoes). The Energos Eskimo received 284,000 tons (4 cargoes) and Energos Power another 213,000 tons (3 cargoes), according to Kpler (see chart). (CONTINUED – 828 WORDS) Read this article for free Gain access to over…

Minister of Petroleum and Mineral Resources Karim Badawi has announced a new round of transfers and appointments involving senior officials at the ministry, the Egyptian Natural Gas Holding Company (EGAS), and several petroleum and mineral resources sector companies. The reshuffle aims to strengthen key petroleum entities with the required expertise to drive future objectives and encourage knowledge exchange. It also includes filling leadership positions that have recently become, or are expected to become, vacant due to retirements. Yasseen Mohamed was appointed First Undersecretary and Supervisor, Health, Safety and Environment(HSE), Energy Efficiency and Climate at the Ministry of Petroleum and Mineral…

ADNOC Distribution’s net profits increased by 12% year-on-year (YoY) in H1 2025 to $358 million, according to the company’s financial results. The company also achieved the highest earnings before interest, taxes, depreciation, and amortization (EBITDA) of $566 million during the same half, up 10% YoY. The results emphasized that ADNOC Distribution made records in the fuel volumes after reaching 7.62 billion liters, increasing by 5.6% YoY in H1 2025. “Our strong H1 2025 results demonstrate the successful execution of our 2024-28 growth strategy, driven by operational excellence and customer-focused innovation. The sustained growth in EBITDA and net profit highlights our…

Egypt has secured a stable and reliable system to meet its natural gas needs for the next five years through the floating, storage, and regasification units (FSRU), Prime Minister Mostafa Madbouly stated during the Cabinet meeting on Wednesday. “The use of these units is a temporary measure until Egypt restores its full domestic production capacity, which is expected to happen in parallel with the increasing exploration and drilling activities,” said Madbouly. He explained that exploration and drilling operations are being actively resumed by foreign partners, following the government’s success in settling their monthly dues and accumulated payments, with the value…

Qatar’s quarrel with the EU over the bloc’s planned sustainability regulations has intensified after it emerged that QatarEnergy CEO Saad al-Kaabi had issued a stark warning to the European Union. According to a letter to the Belgian government cited by Reuters, Qatar is threatening to cut its LNG exports to the bloc if it enforces its corporate sustainability due diligence directive (CSDDD) due to take effect between 2027 and 2029. The directive will penalize large companies that do not meet certain environmental and labor standards including a goal to reach net-zero by 2050, which QatarEnergy has no plans to achieve…

The Iraqi Minister of Oil, Hayan Abdul Ghani, stated that the country is resuming exporting oil through the Turkish Ceyhan pipeline on August 6 or 7. This came during the opening of several development and rehabilitation projects at oil stations in Kirkuk region. He elaborated that the initial volume of exports amounted to 80,000 barrels per day (bbl/d), after the agreement with the Kurdistan region. Abdul Ghani noted that Iraq was able to increase its production by 256,000 bbl/d at the wet oil station, pointing out that its total capacity in northern Kirkuk reached 90,000 bbl/d. Recently, Turkey announced that…

The development of Italian major Eni’s 3.1tcf (gas in place) Cronos gas field offshore Cyprus is progressing, with high level meetings taking place in Nicosia on 25 July. While an official development plan has yet to be filed by operator Eni, a host government agreement signed in February this year indicated that gas will be sent south to Egypt (MEES, 21 February). “It will be a subsea tie-back to the Egyptian facilities,” Eni’s COO Global Natural Resources Guido Brusco confirmed in April. MEES understands around 500mn cfd of output will be sent 70km southeast to Eni’s Zohr facilities in Egyptian…

Minister of Petroleum and Mineral Resources, Karim Badawi, announced a new round of transfers and assignments for operation leaders in the petroleum sector. Mohamed Farouk Ghoneim Hussein was appointed as General Manager of Petroleum Engineering and Operations at Petrobakr Petroleum Company. Mohamed Khamis Ahmed El-Shabassy was seconded as a General Manager of Operations and a member of the Board of Directors under the supervision of the two Managing Directors at Petrobakr Petroleum Company. Mohamed Karim Mahmoud Ali was appointed General Manager of Operations and a member of the Board of Directors at South Dabaa Petroleum Company (Dapetco). Harby Fathallah Tantawy…

The Egyptian General Petroleum Corporation (EGPC) held a workshop to review the actual results of the trial run for a project at the Alexandria National Refining and Petrochemicals Company (ANRPC). This project involved changing the main boiler’s fuel system. During the trial, the boiler was operated using hydrogen surplus instead of natural gas. Approximately 12,000 tons of hydrogen-rich gases were utilized as a substitute for 20,000 tons of natural gas. This pioneering initiative in the petroleum sector yielded significant economic savings and environmental benefits During the workshop and field trip, the successful model was presented as a way to adopt…

Middle Eastern barrels have continued to dominate the oft-overlooked East Africa market in 2025, with a whopping 77% of the region’s 685,000 b/d imports coming from the Mideast Gulf, according to data from intelligence firm Kpler. The ‘big four’ products exporters – Saudi Arabia, Oman, the UAE, and Kuwait – account for in excess of 95% of this flow. Saudi Arabia’s role in the trade has been squeezed in recent years, ceding market share to Kuwait and Oman, as it instead delivers more volumes to Europe (MEES, 1 August). Kuwaiti exports to East Africa increased from 56,000 b/d in 2021…